D03209552Q 


/^J^  r     .,   /- 


TREASURY  DEPARTMENT,  C.  S.  A., 
Richmond,  March  23,  1864. 


NOTICE  TO   DEPOSITARIES    OF    THE  TREASURY. 

All  Depositaries  of  the  Treasury  will  receive  from  Dis- 
bursing Officers,  re-payments  of  money  in  their  hands,  and 
give  receipts  iu.  the  form  enclosed,  in  all  cases  stating  the 
appropriation  to  be  creJilcd  with  the  amount  paid. 

On  the  first  day^of  Ap4'41,  funding  will  be  allowed.  On 
the  second  day  of4X(j*4i  each  Depositary  will  report  to  the 
Secretary  of  the  Treasury,  the  amount  received  by  him' for 
four  per  cent,  bonds,  and  also  the  amount  received  as  re- 
payments from  Disbursing  Officers.  This  rejiort  to  be  made 
by~t«l«graph,  ifaccessibk,  if  not,  by  mail. 

0.  G.  MEMMINGER, 
Secretary  of  Treasury. 


J 


TREASURY  DEPARTMENT,  C.  S.  A. 
Richmond,  March  14tHj  1864. 


The  President  and  DiYectors  of 
the  Bank  of 


Gentlemen  : 

Under  the  recent  act  of  Congress  to  reduce  the 
cnrrency,  it  is  provided  that  ifany  Bank  ofDeposit  shall  give 
its  Depositors  the  4  per  cent.  Bonds  authorized  by  the  Act 
in  exchange  for  their  deposits,  and  specify  the  same  on  the 
Bonds  by  some  distinctive  mark  gr  token  to  be  agreed  upon 
with  the  Secretary  of  the  Treasury,  then  the  said  Depositors 
shall  be  entitled  to  receive  the  amount  (u  said  Bonds  in 
Treasury  Notes,  bearing  no  interest  and  outstanding  at  the 
passage  of  the  act,  provided  the  said  Bonds  are  presented 
before  the  privilege  of  funding  the  said  notes  at  par  shall 
cease. 

By  the  first  section  of  tlio  act  the  privilege  of  funding  will 
cease  on  the  1st  of  April,  1864,  east  of  the  Mississippi,  and 
X)n  the  1st  of  July,  west  of  the  Mississippi.  It  \»  obviously 
impracticable  to  furnish  the  Bonds  befcire  the  1st  of  April, 
and  therefore,  to  give  any  effect  to  tlie  jtrovision  of  the  Act, 
the  certificates  issued  by  tlie  Depositaries  must  be  substitu- 
ted for  the  Bonds.  The  Bonds  being  required  by  the  Act 
to  be  registered,  the  certificates  must  be  conformed  thereto 
and  must  be  assigned  in  the  form  usually  required  for  Re- 
gistered Bonds.  By  writing  the  words  *'  for  Deposits"  over 
the  signature  of  the  officer  of  the  Bank,  who  shall  assign  tho 
certificate,  a  sufficient  token  can  be  established,  and  1  pro- 
pose that  coflrse  to  the  Banks. 

There  is  another  matter  in  which  I  respectfully  ask  your 
concurrence. 


It  certainly  will  he  a  great  object  gained  to  adjust  prices  and 
business  operations  as  speedily  as  possibly  to  the  new  cnr- 
rency,  which  will  be  issued  after  the  1st  of  April.  The 
Banks  have  the  power  to  promote  this  object  most  effectu- 
ally by  accepting  deposits  in  the  old  currency  i)ayable  in 
the  new.  If  for  every  three  dollars  so  deposited,  the  Ban'ks 
will  give  credit  on  their  books  for  two  dollars  payable  in 
oew  issues,  the  old  currency  would  be  rated  accordingly  in 
all  transactions,  and  prices  everywhere  would  have  relation 
to  the  new  currency  It  would  also  follow  that  so  much  of 
the  business  of  the  country  as  can  be  transacted  by  checks 
on  Banks  would  be  carried  on  as  heretofore  without  actual 
delivery  of  money,  and  so  much  time  would  be  gained  for  the 
preparation  of  the  new  issues.  It  is  true  that  the  Banks 
will  thus  encounter  the  risk  of  not  being  supplied  with  new 
notes,  inasmuch  as  it  is  obvious  that  the  means  of  supply 
are  not  adequate  to  the  pressure  which  will  suddenly  be 
thrown  upon  the  Treasury.  This  pressure  will  be  relieved 
by  the  immediate  issue  of  certificates  and  five  hundred  dol- 
lar notes,  and  by  the  further  issue  of  all  denominations  as 
speedily  as  possible. 

I  respectfully  submit  the  matter  for  your  consideration, 
and  request  that  your  Bank  will  at  its  earliest  convenience 
issue  an  advertisement  to  the  effect,  that  it  will  accept  de- 
posits of  all  currency,  except  one  hundred  dollar  notes, 
payable  itf  the  new  issues  at  the  rate  of  two  dollars  of  new 
for  three  of  old. 

Very  respectfully, 

Your  o'bt  servant, 


Secretary  of  Treasury, 


TEEASUEY  DEPAETMEIST,  C.  S.  A. 

Richmond,  April  19,  1864. 


The  folloAving  regulations  are  established  in  relation  to  tUe  adjustment 
of  the  Old  and  New  Currencies: 

1.  When  treasury  notes  of  the  old  issues,  "shall  be  received 
after  the  first  o^  A^p*^',  from  Tax  Collectors  or  Disbursing 
Officers,  or  from  any  bi.l.er  source,  (except  in  exchange- for 
notes  of  the  new  issue,;  iho  ^Afcoiftt-aa*-  T/easu'^ra-Ri^d  Deposi- 
taries, shall  state  in  thdr  ^'ockly  account  current  returns,  the 
amount  at  which  sucH  notes  were  received,  and  also  the  amount, 
of  the  tax  thereon.  When  received  in  exchange  for  the  notes 
of  the  new  issue,  they  shall  state  the  amount  of  the  tax  on  the 
aiEOunt  so  exchanged. 

2.  When  a  di'aft  in  favor  of  a  Disbursing  Officer,  drawn  be- 
fore the  first  of  -Vpiiil,  shall  be  presented  ior  payment,  it  will 
be  paid  in  the  notes  of  the  old  issues ;  or,  it  can  be  deposited 
on  account  of  the  appropriation  to  which  it  belongs,  and  the 
Treasury  Oflicers  will  give  proper  certificates  therefor,  ac- 
cordingly.. 

3.  All  drafts  drawn  subsequently  to  the  first  of  A^jril,  are 
payable  in  the  notes  of  the  new  issue^  So  also  are  drafts, 
drawn  prior  to  the  first  of  April,  in  favor  of  persons  or  parties 
other  than  Ddsbjiirsing  O^c^'s.     '  •'-    >/t'i  . 

But  drafts  idrawn  pVior" to  iKe  firsl  ot  ArV^i.^whichliave  been 
assigned  to  other  parties,  are  payable  in  the  notes  of  the  old 
issues  only. 

C.  G.  MEMMINGEK, 

Secretary  'of  Treasury. 


TREASURY  DEPARTMENT,  C.  S.  A., 

Richmond,  March  24,  1864. 


The  following  atUlitional  regulations  for  carrying  into  effect 
the  Act  of  17th  February,  18G4,  "to  reduce  the  cur- 
rency,"  <vc.,  will  be  observed  by  all  Officers  of  the 
Treasury  Department  : 

18.  The  fourth  section  of  the  said  act  provides,  that  at  any 
time  between  the  first  of  April,  east,  and  the  first  of  July, 
west,  of  the  Mississippi  river,  and  the  first  of  January, 
1865,  Treasury  notes  of  former  issues,  under  the  deiiomi- 
nation  of  one  hundred  dollars,  may  be  exchanged  at  the 
late  of  sixty-six  and  two-thirds  cents  to  the  dollar  for 
the  new  issue:  the  Treasurer,  Assistant  Treasurers,  and 
Pay  Depositaries,  are  directed  to  make  such  exchange  : 
and  until  they  shall  be  sufficiently  supplied  with  notes  of 
the  new  issue,  they  are  authorized  to  take  in  the  old 
notes  at  the  rate  presciibed,  and  to  give  certificates 
therefor,  ledeemable  at  the  office  whence  issued,  when 
the  notes  of  the  new  issue   hhall  have  been  received. 

19.  Each  officer  receiving  such  notes  shall  cause  the 
same  to  be  cancelled,  and  forwarded  by  express,  or  in  such 
other  way  as  he  may  deem  best,  with  a  descriptive  list,  to 
the  Treasurer  at  Richmond  ;  atid  thereni)ou  the  Treasurer 
shall  supply  him  with  a  sufficient  amount  of  notes  of  the 
new  issue  to  take  np  the  said  certificates  ;  and  the  said  cer- 
tificates, when  taken  up,  shall  be  cancelled  and  forwarded 
to  the  Register,   to    be  filed  away  for  any  future  occasion . 

20.  The  Treasurer,  Assistant  Treasurers,  and  Depos- 
itaries, will  receive  ihe  four  per  cent,  certificates  and  bonds 
from  the  Collectors  of  the  War  Tax,  as  cash,  and  when  so 
received,  shall  send  them,  with  descriptive  statements,  to 
the  First  Auditor!     When  reported  upon  by  the  accounting 


2 


officers,  drafts  will  be  sent  to  the  Depositaries  to  re-imburse 
them  for  the  amount. 

21.  Each  of  the  said  Depositaries  shall,  on  and  after  the 
2nd  day  of  April,  protjeed  to  distribute  the  first  parcels  of 
the  new  issues  of  Treasury  notes  with  which  he  shall  be 
furnished,  by  paying  out  to  each  separate  applicant  forty 
dollars  of  new  issues  in  exchange  for  sixty  dollars  of  old. 

The  following  Depositories  are  authorized  as  Pay  Deposi- 
taries to  carry  into  effect  the  foregoing  regulations: 


VIRGINIA- 
richmond, 
Petersburg, 
Lynchburg, 
Staunton, 
Abingdon, 
Danville. 

NORTH  Carolina- 
Wilmington, 
Raleigh, 
Charlotte, 
Asheville, 

SOUTH  CAROLINA- 
charleston, 
Columbia, 
Chbraw, 
Greenville, 


Georgia- 
Savannah, 
Augusta, 
Atlanta, 
Macon,  , 
Columbus. 

ALABAMA- 
MOBILE, 
Montgomery, 
Eueaula, 
Demopolis. 

Mississippi- 
Columbus, 

Brandon, 
Florida- 
Tallahassee. 

C.  G.  MEMMINGER, 
Secretary  of  Treasury, 


may  iTtda  Prestfleni  u.li.  B.  A^C.  &.  R.  C«. 

AogNCT   iRANS-KUMti'IP^I  DcrTM'J-' 
,  .      ..  AVril  S3J,  lbC4.        r 

'    The  regalatlont  eetablisbea  b;  ibe  Secretarr  of' 
the  I'rediiDry,  under  date  of  Marcti  O.b,  18^,  la 
regard  to  fuods  ia  ibe  bands  of  disbardug  offi- 
cers, DHxllQed  as  to  timet  will  be  observed  by  laoh    ' 
o£Bcert  In  this  Departmeot,  towit: 

isl.  Caecki  drawn  by  disbaraiQir  offieers  on  the 
Treasury  or  any  Depusitory,  previoa*  (o  tba  iat 
or  July,  l^itH,  will  be  imd  in  Treasury  noiM  of 
the  presuoi  iasabs  only  at  ibe  amonnt  promised  oa 
the  lace  of  tbe  notes,  wbetber  the  or>eclci  be  pre- 
seoted  for  pa}taeBt  before  or  after  siid  dale. 

3J.  All  ru  tier's  belonging  to  tbe  GoTeroment  Im 
the  hands  or  at  credit,  of  dUbarelog  O01oers«  on 
the  let  of  Jaly,  18C4,  iniy  be  tamed  into  tbe  Treas- 
ary  to  the  crealt  of  tue  respeotlre  appropriations 
to  wQich  they  belong,  to  be  afterwards  drawn  for 
by  new  rLquieiitoos  which  will  be  payable  lo  the 
new  issue  of  Treasury  notes. 

Bat  checks  of  dliburtlng  officers  which  may  b9  . 
drawn  at  »ny  time  againol  the  balaneet  takick  m»^ 
be  OH  tkeir  credit  on  Iff  let  ef  July,  lb64,  will  b« 
paid  In  me  old  issues  of  i:ot«'s  at  the  amount  pron- 
sed  on  tboir  faces.  P.  W.  OKAY,  Agent, 

'  apS(l-ira-o^w  J Trwas'y  Trana-Mlss.  D»pt. 

UMlMciK  AiK.X'o  AUXlCK— All  MHiaou* 
bavirg  clfliub  .UfatDst  the  estate,  of 
B.  \f.  Moti,  Ute  of  Ja?pei\county,  d.'ceabed,  w,il  pre- 
sent the  snme  dn  y  aalnenilcited  wlibla  the  tlms 
prescribed  by  Uw,  or  they  will  be  pontponed  and  ail 
tooie  ln(1eot<<d  wlU  make  payment  to  the  UDdprKlgoM 
AdmlnldtratiU.  (JAaOLINH  MOIT, 

'  apllw6w*  Admlntemtrlz*    . 


The' 

—The  i 

deemed  of  geueral  interest  to  tbe  publ 

Treasury  Department,  C.  S  A.  ) 
Ricbmoud,  April  7,18G4.      \ 

"  The  tax  of  ten  per  cent,  per  month  on 
the  hundred  dollar  notes  commences  on  the 
second  Mviday  of  May,  1864,  and  is  to  be 
rated  upon  the  face  value.  Portions  of  the 
month  are  not  to  be  charged.  You  will, 
therefore,  deduct  ten  dollars  per  month  ad- 
ditional from  each  hundred  dollar  note  pre- 
sented on  or  after  the  second  day  of  May 
and  of  each  succeeding  month. 

0.  ^Im 

Secir'taipy  of 


uuif.    t^  &^  *^^ 


Hollinger  Corp. 
pH8.5 


